S&P 500
2003.37
+6.63 +0.33%
Dow Indu
17098.45
+18.88 +0.11%
Nasdaq
4579.40
+21.71 +0.47%
Crude Oil
95.83
-0.03 -0.03%
Gold
1282.210
-0.035 -0.00%
Euro
1.31222
-0.00002 -0.00%
US Dollar
82.906
+0.135 +0.17%
Strong

Corporations Join Droves Renouncing US Citizenship

By:Nick Giambruno, Senior Editor, InternationalMan.com

Don't be surprised to lose if you don't make an effort at being competitive.

And if you go out of your way to make yourself less competitive, expect to lose.

If that sounds like simple common sense, that’s because it is.

But it's also exactly what the US has been doing for years—enacting tax policies that sabotage its global economic competitiveness.

It's like trying to get in shape for a marathon by going on an all-McDonald's diet. (Speaking of McDonalds, check out this funny video spoof of what their commercials should really look like.)

Here are two major reasons why the US is lagging in the global economic marathon: [Read more...]

Emotion Free Trading

A big part of being a successful trader is keeping your emotions out of the trade. As a special treat to our readers we asked Larry Levin to share a video on the subject.

Larry reveals techniques for traders like you to help you control your emotions and transform you into a disciplined, emotion-free trader. It is the most important concept you can learn in order to be a successful trader.

If you can master this skill, you can be very successful in this business. If we can't control the market and what it will do, then the only thing that will make us successful is if we can control ourselves. And that's easier said than done. But it is the reality of successful trading.

Watch Now: Emotion Free Trading

Best,
The INOTV Team

HUI Timing Boxes

In the previous post about ‘Gold Miners & Inflation’ it was mentioned that the 2013-2014 would-be bottoming grind in HUI has been almost exactly the duration of the 2010-2011 topping grind.  Here is a visual to put with that statement.

hui

The current yellow box is an exact duplicate of the 2010/11 box, which came with an over bought MACD crossed down.  The breakdown candle implies that September would be the month that a break UP candle comes into play if this relationship has any predictive power.

Taking it further, as also noted in the previous post, the Ukraine noise does not help the sector and indeed could hurt in the short-term, because it keeps the wrong gold bugs on the tout.  So NFTRH keeps open some minor downside targets.

Taking it further still, those downside targets would end up being buying opportunities if gold’s macro fundamentals start to improve, which despite the emails I get to the contrary, really has not happened yet beyond a few ongoing positives.  But it had not happened yet in 2000 either.

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart/trade ideas or the free eLetter for an introduction to our work.

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Crude Oil Futures

Crude oil futures hit a 2 week high today trading up $1.30 a barrel at 95.85 as tensions with Russia continue to prop up prices as I have been recommending a short position but it’s time to move on and look for another market as this trade hit a 10 day high today so if you took my short recommendation it’s time to exit and move on in my opinion. As a trader you must have an exit strategy and my exit strategy is if I’m short I place my stop at the 2 week high so currently sit on the sidelines and wait for a better trend to develop as this trade was disappointing but was pretty neutral but I do believe that over supplies eventually will continue to push prices lower but there is so much chaos going on in the Middle East at this point pushing prices higher so let’s wait for some better chart structure to develop as we might consolidate in the next several weeks so wait for another trend to develop as I like trading the crude oil market because sometimes the risk reward situation is highly in your favor since crude oil is a highly volatile commodity.
TREND: NEUTRAL
CHART STRUCTURE: SOLID
[Read more...]

Poll: Labor Day Weekend

Labor Day is upon us here in the U.S. and it marks the unofficial end of summer. The kids are back in school, the NFL is about to start their season and investors will come back to the markets after their summer break.

When they come back, they will see that the S&P 500 hit the 2000 level and we are in the 4th longest bull run in market history. There seems to be a growing confidence for the market to head higher. What do you think?

Will the market head higher after Labor Day?

View Results

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As always we would love to hear your thoughts on the markets. Please take a moment to vote and leave a comment.

Have a great holiday weekend,
The INO.com Team

Knowing your way around a chart

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.

If you like this article, Larry’s also agreed to give you free access to his weekly trading tip.

Today he’s going to talk about knowing your way around a chart.
For most traders, charts are like their road maps to potential trades. Technicians see potential patterns, key clues that they interpret for trading opportunities. Fundamentalists see confirmation of news stories or supply and demand dynamics playing out in the price fluctuations. Charts are indispensable to traders

Understanding what a chart is telling you is paramount for traders [Read more...]

Deflationary Straw Man

No matter the debates over inflation vs. deflation, increasing employment vs. sound monetary policy or systemic health vs. fragility (and whatever else is flying around in Jackson Hole this week), the CPI marches onward and upward.  That is the system and it is predicated on creating enough money out of thin air while inflation signals are (somehow) held at bay.

The Straw Man* in this argument lives in the idea that inflation is not always destructive, that inflation can be used for good and honed, massaged and targeted just right to achieve positive ends to defeat the curse of deflation that is surely just around the next corner.  Currently, the Straw Man is supported by the reality of the moment, which includes long-term Treasury yields remaining in their long-term secular down trend.

Indeed, right here at this very site was displayed much doubt about the promotion having to do with the “Great Rotation” out of bonds and into stocks (i.e. that the yield would break the red dotted EMA 100 this time).  We noted it right at that last red arrow on the Continuum© below.  Now, with commodity indexes right at critical support and precious metals not far from their own, the time is now if a match is going to be put to that dry old Straw Man and silver is going to out perform gold, inflation expectations barometers (TIPS vs. unprotected T bonds) are going to turn up and the Continuum is going to find support.

 

tyx

People argue over inflation’s effects and the expectations thereof but the CPI, which is the ultimate measure of inflation’s lagging effects, has never stopped to take a breather.  2008′s liquidation of the system?  Child’s play.  Inflation, which is what the Fed has been hysterically promoting since 2007, will always manifest in rising prices somewhere.  As luck would have it, this time it is manifesting in the stock market to a greater degree than the CPI.  ‘All good!’ think our policy makers if the right prices are rising. [Read more...]

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Crude Oil Futures

Crude oil futures in the October contract down are $.30 this Friday afternoon currently trading at $93.60 a barrel finishing down about $1.50 for the trading week and I’m still recommending a short position in crude oil placing your stop above the 10 day high which on Monday’s trade will be at 97.10 risking around $4 or $4,000 per contract as the trend seems to be getting stronger to the downside as the U.S dollar is pressuring commodity prices hitting an 11 month high against the Euro currency this afternoon. The chart structure in crude oil will improve dramatically in the next several days so be patient as prices are still trading below their 20 and 100 day moving average dropping around $12 in the last 3 months as world supplies are extremely large at the current time and my theory states that the United States government wants to hurt Russia and the one way to hurt Russia’s economy is by pressuring oil prices as Russia’s economy is basically based on high energy prices so continue to play this to the downside as I think we will crack $90 a barrel in the next couple of weeks.
TREND: LOWER
CHART STRUCTURE: IMPROVING
[Read more...]

Have You Tried Using Donchian Channels?

Donchian Channels can be useful in visualizing the volatility of a market's price action. If the price is stable, the Donchian Channel will be relatively narrow. If the price has large fluctuations, the Donchian Channel will be wider.

Using the 20 day default period, a move above the channel signals a new 20 day high. Similarly, using a 20 week period, a move above the channel would signal a new 20 week high. Markets that continuously touch or exceed the upper channel line show strength, while conversely markets that continuously touch or break below the lower channel line show weakness.

Learn how Donchian Channels can improve your trading here.

Coming Back From a Loss

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple.

If you like this article, Larry’s also agreed to give you free access to his weekly trading tip.

A friend of mine in the pit had been having a rough time of late when he asked me a typical question among us traders - How do I come back from a loss? Since he had been having a "rough patch" and not just one bad trade, I gave him the following advice that is to be used over a period of time.

First I asked him, "What does your trading journal look like - or maybe you don't have one?"

He didn't think it was necessary, which was his first mistake. It is critical to keep a trading journal.

In my journal I ask myself everyday "Did I follow my trading plan properly? Did I do anything wrong and if so, why?" If I did follow my plan correctly but I lost money, I am not hard on myself. Sometimes this happens! If I didn't follow my rules but still made money, however, that's a problem.

I highlight these days so I never repeat this fatal flaw. One of the worst things you can do is ignore your rules and make money, because then you feel that "winging it" is a good plan. It is not.

If this happens, you have to ask yourself; "Why didn't I follow my rules?" Was it lack of confidence in the system? Fear? Or did my ego want to be the hero that sold the high?" [Read more...]

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